Lululemon Athletica Inc. (NASDAQ:LULU) Shares Sold by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS decreased its position in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 4.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,018 shares of the apparel retailer's stock after selling 1,017 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS's holdings in Lululemon Athletica were worth $9,185,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of LULU. iA Global Asset Management Inc. raised its position in shares of Lululemon Athletica by 144.2% during the 4th quarter. iA Global Asset Management Inc. now owns 32,646 shares of the apparel retailer's stock valued at $12,484,000 after buying an additional 19,275 shares in the last quarter. Royal London Asset Management Ltd. increased its stake in Lululemon Athletica by 2.7% during the fourth quarter. Royal London Asset Management Ltd. now owns 66,437 shares of the apparel retailer's stock worth $25,406,000 after acquiring an additional 1,721 shares during the last quarter. Next Capital Management LLC purchased a new stake in Lululemon Athletica during the fourth quarter valued at approximately $274,000. First Financial Bankshares Inc lifted its stake in shares of Lululemon Athletica by 1.5% in the 4th quarter. First Financial Bankshares Inc now owns 3,303 shares of the apparel retailer's stock valued at $1,263,000 after purchasing an additional 48 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd boosted its holdings in shares of Lululemon Athletica by 182.6% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 15,512 shares of the apparel retailer's stock worth $5,891,000 after purchasing an additional 10,022 shares during the period. 85.20% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

LULU has been the subject of a number of analyst reports. William Blair restated an "outperform" rating on shares of Lululemon Athletica in a research report on Friday, December 6th. JPMorgan Chase & Co. raised their target price on shares of Lululemon Athletica from $428.00 to $437.00 and gave the stock an "overweight" rating in a report on Thursday, January 16th. Needham & Company LLC raised shares of Lululemon Athletica from a "hold" rating to a "buy" rating and set a $475.00 price objective on the stock in a research report on Friday, January 10th. Stifel Nicolaus reissued a "buy" rating and set a $438.00 price target (up from $370.00) on shares of Lululemon Athletica in a research note on Friday, December 6th. Finally, Sanford C. Bernstein raised Lululemon Athletica from a "market perform" rating to an "outperform" rating and upped their price objective for the company from $360.00 to $460.00 in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $397.10.

Insider Transactions at Lululemon Athletica

In related news, insider Nicole Neuburger sold 2,022 shares of the stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $387.11, for a total value of $782,736.42. Following the completion of the transaction, the insider now directly owns 6,198 shares of the company's stock, valued at $2,399,307.78. This trade represents a 24.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.48% of the company's stock.

Lululemon Athletica Stock Up 0.7 %

Shares of NASDAQ LULU traded up $2.39 during trading hours on Tuesday, hitting $337.35. 2,039,602 shares of the stock were exchanged, compared to its average volume of 2,067,919. The company has a market cap of $41.08 billion, a PE ratio of 24.36, a PEG ratio of 2.22 and a beta of 1.21. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $423.32. The firm has a fifty day moving average price of $367.61 and a 200-day moving average price of $338.66.

About Lululemon Athletica

Lululemon Athletica Inc, together with its subsidiaries, designs, distributes, and retails athletic apparel, footwear, and accessories under the lululemon brand for women and men. It offers pants, shorts, tops, and jackets for healthy lifestyle, such as yoga, running, training, and other activities. It also provides fitness-inspired accessories.